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Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

Athabasca Oil Corporation (AOC) is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. AOC’s segments include Light Oil and Thermal Oil. The Thermal Oil segment includes the Company’s assets, liabilities and operating results for the exploration, development and production of bitumen from sand and carbonate rock formations located in the Athabasca region of Northern Alberta. It also consists of two operating oil sands steam assisted gravity drainage projects and a resource base of exploration areas in the Athabasca region of northeastern Alberta. The Light Oil segment includes its assets, liabilities and operating results for the exploration, development and production of light crude oil and medium crude oil, tight oil and conventional natural gas. Its Light Oil segment consists exclusively of the Duvernay in the Greater Kaybob area with about 155,000 gross acres across Kaybob West, Kaybob North, Kaybob East and Two Creeks.


TSX:ATH - Post by User

Post by smallcaptdron Oct 04, 2022 4:04pm
208 Views
Post# 35005038

ATH had a nice runup to $2.44

ATH had a nice runup to $2.44If we have another day of higher Oil prices we should be knocking on the door at $2.60 SP  if Oil keeps jumping $3 a day then we should be knocking on the door of $90 Oil. If the economy was bullish with OPEC cutting production we would be in the $90+ already so hopefully OPEC comes out with an announcement tomorrow giving us the facts then we can better understand where Oil is going. Having $90+ Oil would be a huge leap forward but does the market have it in it, we'll know soon enough. And let's understand that the only ones who want higher Oil are producers and holders of Oil stocks because everything aside from that is wrong pushing Oil prices higher as we enter a global recession. How much can the markets take before a breakdown comes? Europe is in a huge crisis and the last thing they need is higher costs of energy, China is still in limp mode, the US is heading for harder times, and every other country that has interest rates increasing doesn't need higher Oil prices. Higher Oil is the worst thing to do right now gouging people to pay more. We'll see how long Oil stays inflated before Oil returns some of this bullishness.
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